How much defence spending stays in the United Kingdom?
• The UK Defence Journal reports that 19% of contracts recorded by the Ministry of Defence over the past 12 months had a known location, with 78% allocated to suppliers based in the UK.
• The UK military spending/defense budget for 2022 was $68.46B, a 1.43% increase from 2021.
• The UK military spending/defense budget for 2021 was $67.50B, a 15.72% increase from 2020.
• The UK military spending/defense budget for 2020 was $58.33B, a 3.12% increase from 2019.
• The UK military spending/defense budget for 2019 was $56.57B, a 1.32% increase from 2019.
• In 2023/24, the UK spent approximately 56.8 billion British pounds on defense, compared with 59 billion pounds in the previous year.
• The 2024 Autumn Budget shows that defence spending is expected to total £56.9 billion in 2024/25, increasing to £59.8 billion in 2025/26.
• The UK Ministry of Defence has revealed that Britain has spent more than 25 billion pounds ($31.5 billion) on defense, according to official 2022/2023 statistics.
• The defence budget in 2022/3 was 2.07% of GDP, not 2.2%, as the budget was amalgamated with the money given to Ukraine, which comes from the Treasiry Contingency Reserve, with the UK defence budget to arrive at this mythical 2.35% of GDP.
• In 2024, the UK’s defence spending as a share of Gross Domestic Product is estimated to be 2.3 percent.
